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How It Works

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Our Process

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Earn Trade Dollars At iTrade

01 Earn Trade Dollars

First, you earn trade dollars by selling your products and services to other members of the association. Then, you find products and services you wish to purchase on the iTrade or Global Marketplace and pay for them with the trade dollars that you earned.

02 Open a Credit Line

You may also request a credit line for immediate purchasing needs. Unlike traditional banks, you don’t pay interest on the credit line and we’ll send you new business to pay for it!

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Open a Credit Line
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03 Get Assistance

iTrade records all transactions and provides real-time and monthly reports through its online system. iTrade's trade managers are available to assist you in finding goods and services, greatly reducing your cash cost (check out the Return on Investment Calculator to see how much you could save).

04 Use iTrade Online

iTrade has a reasonable enrollment fee and receives a small transaction fee in cash for its services. iTrade uses the comprehensive trading platform called Nextrade enabling you to shop, search and conduct all aspects of trade transactions on-line.

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Nextrade

Frequently Asked Questions

What are Trade Dollars?

They are a privately issued and circulated medium of exchange that represents the goods and services you have that can be used to acquire what you need.

Why Use the Trade Association and Trade Dollars?

Use your trade account to offset your cash expenses thereby conserving your cash. Expand economic opportunity within your community. It offers the potential for more exchange between businesses and with citizens in your community. When there is a gap between available goods and services and the needs or desires within a community, the Trade Association provides the means to create an exchange and augment cash resources. 

Is the use of Trade Dollars Legal? 

It is an entirely legal means to supplement the use of federal currencies.

What is the tax law concerning Trade Dollars?  ​

The federal government considers them to be the equivalent of cash. Trade exchanges have the same reporting requirements as banks, savings and loans, credit unions and stock exchanges, as defined by the TEFRA Act of 1982. The Trade Association is required to report to you and the IRS, sales for the relevant tax year on a 1099B form. Other countries do not currently have income reporting requirements. 

Why do I have to give you my taxpayer ID number (TIN) or social security number (SSN) to join? ​

iTrade must have your Taxpayer ID number or social security number to report transactions to the IRS as required by the TEFRA Act of 1982 (see above). 

Can I deduct my expenses? ​

Yes. Expenses made using Trade Dollars create the same deduction as if done in a cash transaction and therefore offset your tax liability.

What about donations using Trade Dollars? ​

They are treated in the same manner as cash.

Does iTrade Colorado Trade Association assist with tax compliance? ​

The system software has full tracking and recording capabilities and generates all required reports.

How are goods and services priced when using Trade Dollars? ​

All sales are priced the same as cash. Some discounts and special offers may not apply .

Why do I have to provide a credit card number to join? ​

iTrade requires that you supply a credit card number to us when you join so that transaction fees and dues can be automatically charged to you.

“Endless opportunities to save cash by using trade dollars”
Teresa Lehman
read more testimonials
  • Nelowet Business Machines, Ltd.

    Teresa Lehman
    Nelowet Logo
    "iTrade is a delight to work with and has opened our eyes to the world of trade. There are many opportunities to save cash by using trade dollars. We have used trade dollars for countless items and services for our business. If you open your mind to another way to do business then you will have the cash to expand your business. We have been a member for over a decade and would highly recommend iTrade to any business owner."
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Phone: (303) 945-2444
[email protected]
iTrade Colorado

We turn your unused capacity and excess inventory into revenue by marketing your goods and services to our barter network of thousands of savvy business owners and growing.

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